Comprehensive Income Vs. Accumulated Other Comprehensive Income

CFA Level I FRA
#1

Hello,

I just want to point out that I am most likely over thinking this concept.

So Comprehensive Income is Net Income + Other Comprehensive Income.

Is Accumulated Other Comprehensive Income the same as Other Comprehensive Income?

I ask because there is an example in Schweser about calculating Stockholder Equity.

It is presented as >>>> Beginning Balance + Net Income - Unrealized loss on available for sale securities - not unrealized loss on cash flow hedges - minimum pension liability + cumulative translation adjustment + comprehensive income + issuance of stock - repurchase of common stock - dividends = ending balance of Stockholder Equity.

To my understanding unrealized loss on available for sale securities and pension liability adustments are part of other comprehensive income which would be included in comprehensive income. So why is it being separated in the example above?

Thank you.

#2

Yes.

It appears that by comprehensive income they mean beginning OCI.

It’s a sloppy example. Color me surprised.

#3

Thank you for your guidance S2000magician.

#4

You’re quite welcome.